Happy to answer questions about NYC, banking/quant finance, investing & real estate.
Are you even Indian
I am Indian to the 15th decimal place.
So you are a wanabe not indian?
Best way to make passive income?
That is a complex question, but an interesting one. Let’s start by some questions: 1) What seed amount (starting capital) are we talking about? 2) What risk appetite and risk tolerance are we talking about. You are welcome to simply sketch a profile and we can take it from there.
Mid 20s at a FANG making tc $150k looking to invest 10% year. So like buying cheap homes in the Midwest near universities and renting them out.
How is your height relevant here?
To reiterate that there are some men who are tall and those that stand tall.
You have a superior inferiority complex.
What do you work on?
There is another thread under misc with almost same title which had information about my day job. Let me know if you cannot find it.
Don't see it, I think blind has so many threads it picks some to show you. Are you able to link to it?
I am 5’6” and Indian. Do you think your question still makes sense?
Legit question. I am married. My wife is 5’3” and she is very fair (and kind too). Her TC is 350k (all cash, no paper money or equity bull shit). Getting back to the original question. NYC is a sad place for a single attractive high comp woman. The ratio is particularly skewed in favor of men especially in that segment (google - some study that said women making more than 200k are twice that is men making that money). Now this isn’t merely an academic observation, rather I have ample ample empirical evidence. Walk into a wine bar and you will find 70 percent women and 30 percent men. Walk into a normal bar and at worst, it would be 55 percent women. I have seen women at bar (tall and white) without a bra flirting with men and then walking back to her apartment. Now do not construe that NYC is full of easy sluts and you will get laid easily. What I am saying is that if come across as presentable and you are prepared to spin the wheel (and you are educated and have a job and have minimal respect for women), then you shouldn’t have problems. Again from emperical data points, you do see pairs that do not make sense. NYC is the lower bound. SFO is the upper bound.
How is dating?
I have a wife. She is 5’3” and her TC is 350k (all cash, none of that paper money or stock bullshit). Back to the original question - I am 5’6” Indian and 2 weeks back on a Friday evening a drunk woman in NYC bar asked me “so what are you drinking?”. Another incident, was when I was reading a paper in a book when a white woman asked me “why am I not with my GF”. So....
So it's better than Bay area.. Also what is reading a paper in a book?
Hells Fargo dude, you are good but then why work for a bank which is too large and doesn’t get on new tech quickly.
Why not? What is your argument here? Happy to follow up.
There isn’t an argument but a question- what is there that you take pride in working for WF?
How do you forecast the housing price in seattle area? If not familiar with that area how do you think the current housing price?
Love this question. And I do not have an answer 🤨, but I can try. 1) Firstly a forecast is qualified by a time horizon. Typically, it is easier to forecast long term trends than immediate short term. Long term housing is explained by demographics and employment. 2) From what we know today, both look very favorable. So if I have to place a long term bet, I would think population and jobs and incomes will all rise in this area and will drive up prices. More and more areas will get gentrified (not so desirable areas where blue collar people live will shoot up in prices as higher income people get priced out and in turn price out blue collar people who would move out further).
3) Short terms are harder to predict. There are several factors which can influence pricing in short terms and generally these factors do not act in isolation, rather are interdependent. Let’s take a few negative factors. The prices have gone up too high in the last one year. And just in the last year mortgage rates have shot up by nearly 100bps for 30 yr fixed. This increased cost of debt impacts most a segment of the market which is most sensitive to mortgage (you can segment the market as <600k, 600-1.5, >1.5 and maybe 600 to 1.5 is most sensitive which would be what most senior/mid senior guys buy). As rates go back, that particular sector should see a price adjustment. Now if we also have some equity market correction (say stocks of MSFT or amzn correcting), psychologically it would drive away a lot of buyers and push prices down. Most certainly some adjustment to that end will happen.
Read again what I wrote. No wonder you are lowest comp and lowest IQ softie 😋
Is the recession coming? When? Strategy to survive it?
This is again a great question. And I am not being a wise ass, just listen. 1) Expansion and contraction are cyclical (explained by the presence of debt). We are/were in an expansion for last several years. Therefore, a recession will most certainly happen, but its precise timing cannot be predicted. 2) having said the above, there are economic macro variables which have served well historically in predicting recessions. One of them is them is the yield curve inversion and that particular variable is indicating a recession in next 2 years. But as with any macro variable. The flattening or inversion can be explained by other reasons. Happy to go into technical details if required. 3) Strategy for surviving it would require additional information such as your age (your remaining career capital), your liabilities (short to long term) etc. Strategy can range from doing nothing to aggressively active. Again, super happy to have follow ups here.
Mid 20's 40k in loans(student and car). Renting out a place with roommate. Tc around 140k. Have 30k in cash and around 110k in rsu,mutual funds and 401k. What should be my play to reduce the recession hit?